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Trump says countries have to start paying tariffs on 1 August

US reopens jet engine exports to China in sign of thawing trade ties

Australian Household Spending May 2025 +4.2% y/y (expected +3.5%), +0.9% m/m (exp +0.5%)

ICYMI:China plans National Childbirth subsidy amid population decline.

India bars Jane Street from accessing its securities market- Bloomberg News

Trump says willing to let migrants stay who are vouched for by the farmers they work for

Japan data – May household spending +4.7% y/y (expected +1.2%, prior -0.1%)

Yen adding on a few points after the spectacular beat for Japan household spending data

Barclays has raised its Brent crude oil forecast to US$72/bbl for 2025

China’s Wang Yi downplays EU concerns over rare earth export controls

Reminder – not all US markets are closed for the holiday (Globex open limited hours)

Forexlive Americas FX news wrap: Non-farm payrolls beat the consensus